Leasing Agents have three days left for license renewals

July 31 is the deadline for renewing leasing agent licenses in the State of Illinois. Leasing agents need to complete six hours of continuing education (CE), too.

  •  Renewal period for the 2014 renewal is Aug. 1, 2012 through July 31, 2014.
  • Leasing agents are required to complete three core hours and three elective hours of CE.
  • Leasing agents are exempt from CE for the first renewal only.

You can renew your leasing agent license electronically through the Illinois Department of Financial and Professional Regulation (IDFPR). Check the expiration date of your license, get appropriate forms and review Frequently Asked Questions (FAQs).

When to renew via paper form
If you change your name, address or sponsor, you need to use the paper renewal application and mail it to IDFPR prior to the July 31 deadline. Changing a sponsor requires an additional $25 fee and a new 45-day permit sponsor card.

Save $50 by renewing on time
The license fee to renew prior to the deadline is $100, while the cost increases to $150 on Aug. 1 and beyond.

Need CE hours?
Get your CE through the  IAR REALTOR® Store at the low price of $19.95 per course with convenient proctor locations at no additional cost! These three-hour credit courses will help you meet the six-hour requirement and provide timely information geared toward the Leasing agent:

  • Core B Home Study:  COR 1662 – CORE B: Legal Issues – Disclosure Issues for Landlords (Item #618); and
  • Elective Home Study:  PM 613 – Leasing Residential Property (Item #613).

Leasing Agents: Still need more CE hours to renew your license?

Leasing Agents who need more CE hours can take advantage of a three-hour online program, COR 1610 Property Management, featuring IAR’s Legal Hotline Attorney Betsy Urbance and Steve Bochenek, a partner with Sorling Northrup Attorneys. Experience the ease and convenience of our “Anywhere, anytime online proctoring service” when you take this $29.95 online course.

This course defines the broker’s responsibilities as a property manager and provides a clear description of those property management activities which require a license under the Real Estate License Act of 2000. The course takes a detailed look at property management activities covered by the act and provides students with an overview of lease agreements, rental applications, disclosure information and the handling of escrow accounts and security deposits. Students will be introduced to fair housing laws that affect property management on the federal, state and local level as well as the Fair Credit Reporting Act.

Click here to see a preview of this interactive course that provides video segments and guides you through a successful learning experience.

Start planning now to get Managing Broker Education Requirements for April 2015

Now is a great time for Managing Brokers to take required continuing education (CE) courses.

All managing brokers are required to complete 12 CE hours between May 1, 2013 and April 30, 2015.  Of those hours, three must be Core A, three must be Core B and a maximum of six hours can be elective. However, those who earned their current license before Feb. 1, 2013 are also required to complete a 12-hour Broker Management continuing education interactive course.

Get your regular CE hours through the  IAR REALTOR® Store at the low price of $19.95 per course with convenient proctor locations at no additional cost! Choose from several three-hour credit courses that will help you meet the requirements.

Use the Illinois Department of Financial and Professional Regulation’s CE Look Up to check the expiration date of your license, get appropriate forms and review Frequently Asked Questions (FAQs).

 

Key question for leasing agents: How much CE do I have?

Q. How can I find out what continuing education hours I already have?

Use the Illinois Association of REALTORS(R) Education Lookup to check your education credits for courses taken — and passed — through the Illinois Association of REALTORS(R) Licensing & Training Center.

To see more information on the leasing agent license renewal, check out the full list of questions and answers.